Gentracks annual result took a hit from Covid-19 disruption. Photo / NZ HeraldCovid-19 related writedowns took utilities software specialist Gentrack deeper into the red over the September year. The financial impact of Covid-19 on Gentrack had been felt through a reduction in expected revenue, as customers delayed projects. "Pleasingly our utilities customers in the second half of 2020 have displayed resilience to the impacts of Covid-19 and continue to interact with Gentrack on largely normal terms," the company said. In today's result, revenue came to $100.5m - down 10 per cent on the previous year's.

Source: New Zealand Herald November 25, 2020 22:26 UTC